Letters of Credit
This system must be accurately updated after the closing of a new, renewed, or amended Letter of Credit.
Loan IQ (LIQ)?
According to the U.S. Foreign Currency procedure, all foreign currency transactions should be handled this way from a funding perspective.
match funded
This shared mailbox receives 959 documents and related directives for SAMU review.
LIQ 959 Central mailbox
A SAMU takeover transfers management responsibility from this group to SAMU.
the originating Line of Business (LOB
The SAMU Non-Accrual procedure identifies these four core systems used by the servicing team.
Excel, Outlook, Loan IQ, and Livelink
These are the four primary types of LC facilities: one accommodates loans and LCs, one is carved from a larger loan facility, one is solely for multiple LCs, and one is for a single defined LC.
Shared Lines, Carve-Outs, Dedicated Lines, and Stand-Alone Letters of Credit
Before booking a foreign currency contract with the traders, the Servicing Analyst should create this transaction to ensure facility availability.
Loan IQ transaction
When reviewing page 1 of a 959, the SA compares these two ratings to determine whether a status change may be required.
current Risk Rating and proposed Risk Rating
These three exhibits must be completed and included in the transfer CAF for a SAMU takeover.
Exhibit A, Attestation Certificate; Exhibit B, Takeover Account Listing; and Exhibit D, Takeover/Repatriation Systems Notification Form
Before a charge-off can be processed, a facility must first be placed into one of these statuses.
Partially/Fully Charged Off status
This type of LC is an irrevocable written undertaking by the issuing bank to pay a seller for goods or services when specified documentary conditions are met.
Documentary Letter of Credit?
This is required before proceeding with a non-standard tenor when the requested tenor is not specified in the agreement
PM approval
When naming a Livelink workflow for SAMU Advances and Status Changes, this word must precede the deal/document name.
SAMU
During a SAMU takeover, every borrower transferred into SAMU must have this document prepared and Final Formed within 45 days of the official takeover date.
a takeover 959
A 959 requesting this activity should show “C&A” as the report type, with ending net book value and net exposure balances of $0.
Compromise & Abandon?
When legal documentation identifies Bank of Montreal Chicago as the lender and BMO Bank N.A. as the LC issuer, this regulatory concern is triggered and the documentation must be corrected.
Regulation W violation
For BMO Bank N.A. foreign currency loans, these must be converted into U.S. dollars.
all FX fees
A downgrade to this Risk Rating or worse triggers non-accrual status.
D-1 (71)
In a repatriation, the CAF Final Formed decision date becomes this important date.
the official repatriation date
When processing an abandonment, the principal effective date should generally be this date.
the date the 959 was Final Formed
The DS uses this tab to ensure all LC issuers defined in the executed legal documentation are properly tied to the deal.
Bank Roles tab
For BMO Bank N.A. foreign-currency activity, loans generally must be booked this many business days in advance by 9:00 AM CST, with an exception allowing one day less.
three business days in advance,
An upgrade to this Risk Rating or better triggers a change back to accrual status.
P-4 (60)
Following repatriation, the completed Account Specialist Exit Checklist must be uploaded no later than this many days from the Repatriation Final Formed Date.
60 days
After the final abandonment activity, the procedure says to wait this long before reviewing the S4 vs. LIQ report for GL issues and then inactivating the loan.
2 days?